Unique Investment & Landmark Property. Own a piece of California unlike any other. Home to Bamboo Giant Nursery, this 30+ acre estate features the largest public bamboo grove in the U.S., along with redwoods, hiking paths, sunny clearings, and a koi pond with a self-sustaining waterfall. The property includes 17 rental units generating steady income: two homes (1,856 sq. ft. and 1,066 sq. ft.), plus a commercial/art studio building with 8 creative bays (2,390 sq. ft.). All units are fully tenant-occupied, providing a significant monthly rent roll. Beyond its current use, the land offers future development potential, with ~15 acres possibly subdividable into three estate lots offering sweeping canyon views (buyer to verify). The natural beauty has also made this property a sought-after venue for weddings, fairs, and tours. A rare opportunity to combine income, development, and natural splendor in one remarkable property. Please do not disturb tenants or nursery employees. Shown by appointment only.
Listed by Nicole Myhrstad
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License #02052054
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Bailey Properties
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831-818-0639
Last updated September 05, 2025
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Source: MLSListings #ML82014444
Listing Facts
TypeMulti-family
NeighborhoodAptos Hills-Larkin Valley
Days on Prevu18
Taxes$12,650/year
Size5,312 sqft
Price per sqft$1,129
Amenities
Pets Allowed
Parking
Location
Mortgage Calculator
Listing History
08/24/2025
Listed by Bailey Properties
$5,999,000
Property Details for 5601 Freedom Boulevard
Exterior
Construction
Roof: Composition
Year Built: 1959
Year Built Details: 2
Architectural Style: Other, Spanish
Features
View: Orchard, Panoramic, Pasture, Ridge
Measurements
Building Area Total: 5,312
Lot Features: Agricultural Use, Grade - Sloped Down, Grade - Varies, Other, Paved, Pond On Site, Possible Lot Split, Views
Lot Size Acres: 30.29
Lot Size Area: 1,319,432
Lot Size Source: Assessor
Lot Size Square Feet: 1,319,432
Lot Size Units: Square Feet
Financial
Residential Income
Cap Rate: 6.36
Gross Income: $391,400.00
Operating Expense Includes: Water/Sewer
Taxes
Parcel Number: 108-011-14-000
Tax Annual Amount: $12,650.00
Interior
Features
Flooring: Carpet, Hardwood, Tile
Measurements
Living Area: 5,312
Parking
Parking
Carport: Yes
Parking Features: Common Parking Area, Electric Gate, No Garage, Parking Area, Room For Oversized Vehicle
Parking Total: 20
Schools
Elementary School
Elementary School District: Pajaro Valley Unified
High School
High School District: Pajaro Valley Unified
Utilities
Equipment
Heating: Forced Air
Utilities: Public Utilities, Water - Public
Water Source: Public
Based on information from MLSListings™️ and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
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